Passive Income: Financial Freedom Strategies to Start Such an E commerce on Spotify, E bay and also make money using, Multiple Passive Income Streams and Financial Freedom

By Paul Wilhelm

Do you want work when you want, wherever you want without having to beg for permission from your boss and arrange for it weeks or months in advance? Are you tired of your monotonous, low-paying, 9 to 5 job?
Are you overworked and feel like you haven’t gotten the chance to sleep in ages?
Are you struggling to save up and buy, perhaps, a new car?
Do you want to earn more and do less?

Well, this is your chance, and believe me, you don’t want to miss it! Passive earning is really as easy as it sounds, so read on to find out more.

What are some of the benefits can you expect when you follow this program
•Work when you want, and where you want
• NO no prior experience required!
• Set up within 1 week
• Little to no start-up costs
• More freedom and time to spend with family and friends
• Extra cash to afford the luxuries in your monthly budget
• And much, much more

The internet is filled up with a lot of opportunities to make money, and there is absolutely no limit to how much you can generate! This guide also contains pointers on how to maintain yourself in the right Entrepreneurship mindset for achievement and build healthy practices to reach your desired targets. When you’re carried out, you’ll be ready to start out building your personal online success!

• Language: English
• Publisher: Sarah Macdonald
• Release date: May 12, 2021
• ISBN: 9791220803380

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All rights reserved. No part of this work may be reproduced or utilized in any form or by any means, electronic or mechanical, including photocopying, recording, or by any informational storage and retrieval system, without the prior permission of the publisher.

This book is in no way authorized by, endorsed by, or affiliated with any previous work. Any similarity is purely incidental.

Table of Contents

Chapter 1: What is passive income?

Chapter 2: Blogging

Chapter 3: STRATEGIES TO BUILD YOUR INCOME

Chapter 4: Scattershooting: 50+ Ways to Make Some Extra Cash

Chapter 5: Other Methods

Chapter 1: What is passive income?

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Before going into the different ways to make passive income, we have to first cover some information regarding economy and money in general, as regardless of what type of financial success one is following, anyone involved with wealth generating activities is actively playing the money game.

Businessmen use this term all the time, the money game, because essentially that’s what it is. A game in which the player has to generate and sustain as many resources as possible, in order to hit a certain checkpoint of wealth at which the game is won. What’s that checkpoint you ask? It depends. For some, that might be just under $1,000,000 while for others it can be as much as $40,000,000 depending on what kind of lifestyle they want to be able to afford without having to work anymore. 

Money can be generated in an endless variety of ways, in the XXI. century, almost anything can be turned into profit if we have the right market, which brings us to the next term we need to dissect, market.

Typically, a market, in economic terms, is the fictive place where the powers of supply and demand collide, and trades take place, one changing their supply of a product, for the money of the ones in demand. As the modern world brings so many opportunities, allowing virtually anyone to become wealthy, we no longer have a nominal market for all products in supply and demand relationships, but instead we have specialized markets. Such as a market for stocks, a market for beauty products, etc. 

Understanding the particular market you want to actively take place in is essential, as otherwise your product could be in high supply, but there will be no interest directed towards it since you are in the wrong market. Imagine going to the fish market and seeing someone selling a TV. It might be a great working, well priced TV, but all the people at that market are there to buy fish, not electronics. This exaggerated example resembles quite well what happens to products sold in the wrong market. 

Let’s take some pages to understand how markets actually work. As mentioned, this is where supply and demand are meeting, supply refers to the quantity of product available for sale, while demand is the number of consumers that want to purchase that product, without the balance these two maintain, the markets and economy reach instability, where only the best players can profit.

In the real world however, supply and demand never stay the same, as a constant flux hits both elements, impacting the other proportionally. 

Naturally, when the supply for a product drops, due to unexpected causes, the demand grows proportionally, because if there were 100 limited edition gold iPhones, and exactly 100 people wanting one of them, the numbers were perfectly proportional. However, if the truck transporting 50 of those phones to a specific store crashes, and its cargo sets on fire, that leaves our supply at 50 phones, for a demand of 100 consumers. 

As a consequence, those 100 customers will offer more money to get their hands on one of the phones, as only every second person could get one otherwise. This movement of the market results in the growth of demand, in the shortage of a product’s supply.

Going the other way, what if the demand drops exponentially? Assuming the newest gaming console will cost around $1,500 and the manufacturers initially put 500,000 units up for sale, estimating off the pre-orders and interest shown that the number of people that will go out and buy one is around half a million, give or take. That would leave us at a proportionate scale, however, a powerful video game development company announces that all of their future games will be available only on PC, and no console will run them. Suddenly the 500,000 enthusiasts no longer rush to buy the console, as they won’t be able to play their favorite games on them, so the